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An interest rate of 12% per year compounded quarterly is the same as A) 3.2% per quarter compounded quarterly. B) An effective annual rate of

An interest rate of 12% per year compounded quarterly is the same as

A) 3.2% per quarter compounded quarterly. B) An effective annual rate of 12.550881%. C) 6% per 6 months compounded semi-annually.

D) 16.2% per year compounded every five years.

Without use of excel

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